Bitcoin and Ethereum: Bitcoin slips below the $25900 level

<div><img width="1200" height="842" src="https://www.financebrokerage.com/wp-content/uploads/2023/04/Le-Bitcoin-casse-a-nouveau-les-30-000-dollars-mardi-18-avril-2023.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Le Bitcoin casse à nouveau les 30 000 dollars mardi 18 avril 2023" decoding="async" loading="lazy" /></div><h1><b>Bitcoin and Ethereum: Bitcoin slips below the $25900 level</b></h1>
<ul>
<li aria-level="1"><span>Today, we see a pullback in Bitcoin price to the $25900. </span></li>
<li aria-level="1"><span>Ethereum continues its retreat this morning to the $1623 level. </span></li>
</ul>
<h2><b>Bitcoin chart analysis</b></h2>
<p><span>Today, we see a pullback in Bitcoin price to the $25900. For now, we manage to hold above that level and stop further pullback. Price pressure is still present on the chart, and a break below the $25900 support level could happen soon. Potential lower targets are $25750 and $25500 levels.</span></p>
<p><span>We need a positive consolidation and price jump to the $26200 level for a <a href="https://www.financebrokerage.com/oil-and-natural-gas-oil-remains-bullish-above-80-00/">bullish</a> option. Then, we would need to hold ourselves up there before proceeding to further recovery. Potential higher targets are $26400 and $26600 levels. Additional resistance of the price of Bitcoin could be found in the EMA50 moving average around the $26200 level.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-221485 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/f9ISkuYw-1024×619.jpg" alt="Bitcoin chart analysis" width="1024" height="619" /></p>
<h2><b>Ethereum chart analysis</b></h2>
<p><span>Ethereum continues its retreat this morning to the $1623 level. Since then, we have slightly recovered to the $1635 level. We are still under bearish pressure, which means that we could soon see a continuation of the decline to the bearish side. Potential lower targets are $1620 and $1600 levels. Last week’s low price was at the $1580 level.</span></p>
<p><span>For a bullish option, we need a new positive consolidation and a return of the price around the $1650 level. Then, we need to maintain ourselves up there in order to try to start further recovery from that level. Potential higher targets are $1660 and $1670 levels. We have additional resistance to the bullish trend in the EMA50 moving average at the $1660 level.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-221486 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/9tHv4mYc-1024×619.jpg" alt="Ethereum chart analysis" width="1024" height="619" /></p>
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